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CITY OF ORONO
<br />PROJECTION OF SPECIAL ASSESSMENT FUND'S CASH
<br />AND INVESTMENTS
<br />1982 IMPROVEMENT FUND
<br />'
<br />R E C E I P TS1VESTMEMT
<br />D 1 5 B U R S E M E N T S
<br />EMDIN6
<br />----------------------- ---------INTEREST
<br />-------------------------------
<br />CASH 4
<br />SPECIAL AD VAL OTHER REVENUE
<br />BOND BOND OTHER INVESTMENT
<br />YEAR
<br />ASSESSMENTS LEVIES REVENUE (EXPENSE)
<br />PRINCIPAL IMTENEST EXPENSE
<br />BALANCE
<br />1984
<br />104,004 0 1,921 12,993
<br />0 37,238 43,951
<br />169,685
<br />1985
<br />1986
<br />97,369 0 15,796
<br />90,735 0 17,030
<br />50,000 35,613 100
<br />75,000 31,456 100
<br />197,137
<br />198,346
<br />1907
<br />Pi,101 0 18,158
<br />50,000 27,175 100
<br />223,330
<br />ilea
<br />77,467 0 19,186
<br />7S,000 22,650 100
<br />222,233
<br />1989
<br />7,471 0 17,275
<br />50,000 17,93E 100
<br />178,941
<br />1990
<br />6,9e3 4 14,614
<br />25,000 14,988 100
<br />160,450
<br />1991
<br />6,495 0 13,02'
<br />25,000 12,925 100
<br />141,941
<br />'
<br />1992
<br />1a93
<br />6,007 0 11,645
<br />5,519 0 10,707
<br />20,000 11,000 100
<br />15,000 9,450 100
<br />128,493
<br />120,169
<br />1994
<br />0 0 91772
<br />15,000 3,001 l00
<br />106,760
<br />1995
<br />0 0 5,628
<br />15,000 6.675 100
<br />93,613
<br />'
<br />1996
<br />0 0 7,510
<br />15,000 5,23: l00
<br />80,792
<br />1997
<br />0 0 6,423
<br />15,000 3,750 100
<br />48,365
<br />1998
<br />0 0 5,372
<br />15,000 2,250 1u0
<br />56,387
<br />'
<br />1999
<br />0 0 4,361
<br />15,000 750 100
<br />44,898
<br />2000
<br />0 0 4,040
<br />48,938
<br />2001
<br />0 0 4,404
<br />53,342
<br />'
<br />2002
<br />0 0 4,000
<br />4%' 151 0 1,921 205,735
<br />475,000 247,170 45,451
<br />58,142
<br />BASE THfSE COLUMNS FOR MULTI
<br />-ROLL
<br />DATA SPECIAL ASSESSMENTS
<br />ONLY
<br />MAJOR
<br />ASSUMPT:OMS:
<br />---------------------------
<br />--------
<br />FIRST YEAR OF PROJECTION ....................
<br />1984 MIA NIA
<br />MIA
<br />CASH i INVES WOT BE61NNINE BALANCE.........
<br />1132,056 MIA k't,
<br />MIA
<br />INVESTMENT INTEREST RATE ....................
<br />SPECIAL ASSESSMENT PRINCIPAL BALANCE........
<br />9.001 N/A NIA
<br />150,311 $316,ell f0
<br />NIA
<br />40
<br />INTEREST RATE ON SPECIAL ASSESSMENTS........
<br />9.701 9.701 0.001
<br />0.001
<br />'
<br />YEARS REMAINIM6 ON SPECIAL ASSESSMENTS......
<br />FERCENT OF AD VALOREM TAXES LEVIED..........
<br />10 5 0
<br />0.001 NIA MIA
<br />0
<br />; A
<br />NOTES
<br />AND COMMENTS:
<br />eyments of special assessments are ignored
<br />since interest earnings on investments
<br />'
<br />oxisate interest on projected special
<br />assessment levies.
<br />'I turld rece►vableslpayables are considered `n be received/paid currently.
<br />:,IDe,er►ed special assessments are not included
<br />41Uncollectible taxe, and special assessments
<br />st^ce the time o' collection is
<br />:•e b.sed on delint, glances.
<br />unknown.
<br />ACCOUNTANTS REPORT:
<br />'
<br />Me have comni:ed the above projection base,
<br />r-orcation supplied to us b:
<br />manvgewt.
<br />Some assumptions inevitably will not materialize
<br />and unanticipated events and c,•t,astances
<br />m.y occur; therefore, the actual results achieved
<br />during the projection periou
<br />will vary
<br />from the projection and the variations may be
<br />eater,al.
<br />'
<br />It have compiled the above projection in accordance
<br />with applicable gu;dellres
<br />Established
<br />by the American Institute of Certified Public
<br />Accourtants. A compilation of a financial
<br />'
<br />projection does not include evaluation of the
<br />Because a compilation of a financial projection
<br />sueport for assumptions underlying
<br />is limited as !--:ribed above,
<br />the project,on.
<br />we do
<br />not express a conclusion or any other form of
<br />assurance on the protection.
<br />AWI►SON, HEADRICKSnot .
<br />ZO.
<br />Minneapolis, Mtnnesota
<br />Cent`,-.- Public Ik oun;�nts
<br />June 27, 1994
<br />
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